THE FORM 10Q FOR THE QUARTER ENDED 9/30/95 COULD NOT BE FILED
WITHIN THE TIME PERIOD PRESCRIBED DUE TO LIMITED AVAILABILITY
OF ACCOUNTING PERSONNEL TO COMPLETE THE REPORT.
DUE TO LIMITED FINANCIAL RESOURCES AND LIMITED PERSONNEL, THE
REGISTRANT WILL NEED ADDITIONAL TIME TO REVIEW AND ANALYZE
THE THIRD QUARTER ACTIVITY.
THE REGISTRANT ANTICIPATES THAT ITS FINANCIAL STATEMENTS
WILL REPORT A LOSS FOR THE NINE MONTHS ENDED 9/30/95 IN THE
AMOUNT OF APPROXIMATELY $375,000. THE NINE MONTHS ENDED
9/30/94 REPORTED A LOSS OF $471,000.
